When determining the after-tax cost of a bond, the face value of the issue must be adjusted to the net proceeds amount by considering
A) the taxes.
B) the approximate returns.
C) the risk.
D) the flotation costs.

Name: When determining the after-tax cost of a bond, the face value of the issue must be adjusted to the net proceeds amount by considering A) the taxes. B) the approximate returns. C) the risk. D) the flotation costs.
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Question

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The Answer is D

When Determining the After-Tax Cost of a Bond, the Face